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What Happens to Divorce Debts in Bankruptcy?

Posted on January 5, 2010 by Jill Michaux, Topeka Consumer Bankruptcy Attorney

Debts in the nature of support of child or former spouse are not discharged in either chapter 7 or 13 bankruptcy. What about property settlement debts? If the divorce decree contains a hold harmless obligation that makes one spouse indemnify the other spouse, then the hold harmess oglibation is a separate debt to the spouse…

Tags: bankruptcy, Chapter 13, Chapter 7, discharged in bankruptcy, divorce, domestic support obligation, hold harmless, not discharged in bankruptcy, property settlement

Walking Away from the House

Posted on December 9, 2008 by Jill Michaux, Topeka Consumer Bankruptcy Attorney

Cathy Moran, my blogging colleague on the Mortgage Law Network, discusses whether you should prevent foreclosure and keep the house. Walking away from the house is one solution for a homeowner who can’t afford to repay the mortgage loan balance and the house is worth at least as much as you owe. A deficiency judgment,…

Tags: bankruptcy discharge, Cathy Moran, deficiency judgment, discharged in bankruptcy, foreclousre, keep the house, Mortgage Law Network, mortgage loan, prevent foreclosure, walking away from the house

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